Post by
bohemian61 on Mar 01, 2018 7:32am
OK So lets get down to Block/Crypto issues !!
I will try my best english grammer (ups sorry) .The HIVE financials are out and the consensus is positive . Summary---------Generated revenues of $3,274,186, with a gross mining margin (Note 1) of $2,382,687, from mining of digital currencies at Iceland facilities; Accumulated and held $5,827,805 worth of newly minted Ethereum, Ethereum Classic and ZCash as at December 31, 2017;HIVE’s annualized run rate revenue […] is projected to be $153 million once its announced Sweden expansion is fully online, which is expected by September 2018. The annualized run rate revenue is calculated strictly on the basis of value of the digital currency earned at the time of mining, and does not include any adjustment for revaluation gains (or losses) for digital currencies held after that date;Return on investment of 36% by December 2017 through investment of $16,284,690 in data centre equipment since September 2017 which has generated digital currencies with a value of $5,827,805; The Company’s net income from continuing operations after tax for the three and nine months ended December 31, 2017 was income of $149,724 and a loss of $19,690,038; the nine month period ended December 31, 2017 included a one time charge of $16,340,247 related to the Company’s initial transaction with Genesis. General and administration expenses for the three and nine months were $3,283,833 and $6,826,171 respectively, which included non-cash charges for share based compensation of $1,827,024 and $4,533,663 for each of the three and nine months. Ongoing general and administration expenses relate to the Company’s rapid growth plan and compliance costs of being a public company.--------- This is an extremely positive outcome that will benefit all legit crypto miners when it comes to the future values assessment !! I hope I did wellin the grammar and structure of the English language . Danke (ups thats German ) .